Financial Performance - Revenue for the six months ended June 30, 2021, amounted to approximately RMB 753.4 million, representing an increase of approximately RMB 17.9 million or 2.4% compared to the same period in 2020[14]. - Gross profit for the same period was approximately RMB 214.4 million, reflecting a decrease of approximately RMB 92.6 million or 30.2% compared to the prior year[16]. - Net profit for the six months ended June 30, 2021, was approximately RMB 83.1 million, a decrease of approximately RMB 55.6 million or 40.1% compared to the same period in 2020[17]. - Basic and diluted earnings per share for the period were approximately RMB 0.08, representing a decrease of approximately RMB 0.05 or 38.5% compared to the same period in 2020[18]. - The overall gross profit margin for the Group was 28.5%[22]. - Overall gross profit decreased by approximately 30.2% to approximately RMB 214.4 million, resulting in a gross profit margin decline of 13.2 percentage points to approximately 28.5%[26][28]. - Profit attributable to equity holders decreased by approximately 40.2% to approximately RMB 83.1 million, with a profit margin decline of 7.9 percentage points to approximately 11.0%[28]. - The net profit for the Review Period was approximately RMB 83.1 million, a decrease of 40.1% from RMB 138.7 million in the same period of 2020, with a net profit margin of 11.0% compared to 18.9% in 2020[72]. Revenue Breakdown - Revenue from dye and agricultural chemical intermediates was RMB 573.9 million, with a gross profit margin of 28.2%[22]. - Revenue from pigment intermediates was RMB 155.6 million, with a gross profit margin of 38.8%[22]. - Revenue from battery materials was RMB 23.4 million, with a negative gross profit margin of 32.7%[22]. - Revenue from dye and agricultural chemical intermediates accounted for approximately 76.2% of total revenue, down from 81.9% in the first half of 2020[30]. - Revenue from pigment intermediates increased by approximately 23.9% to approximately RMB 155.6 million, accounting for approximately 20.7% of total revenue[44]. - Revenue from agricultural chemical intermediates decreased by approximately 7.8% to approximately RMB 204.5 million compared to the same period in 2020[36]. - The battery materials segment accounted for approximately 3.1% of total revenue, with revenue of approximately RMB 23.4 million, significantly up from 0.7% in the first half of 2020[47]. Dividend and Shareholder Information - The Board declared an interim dividend of RMB 0.039 per ordinary share for the six months ended June 30, 2021, down from RMB 0.048 per share in the same period of 2020[19]. - The total amount of interim dividend payable, based on 1,026,255,000 shares, is approximately RMB 40,024,000[142]. - The interim dividend will be paid on September 21, 2021, to shareholders registered by September 8, 2021, with an exchange rate of HK$1: RMB0.832[141]. - As of June 30, 2021, Ge Yi holds 133,337,750 shares, representing approximately 12.91% of the total shareholding[162]. - Ge Yi is also deemed to be interested in an additional 400,013,250 shares, which accounts for approximately 38.72% of the total shareholding due to a voting rights transfer agreement[162]. - The total number of issued shares as of June 30, 2021, was 1,033,104,000 shares[162]. Expenses and Costs - Selling and distribution expenses increased to approximately RMB 27.3 million, representing 3.6% of the Group's revenue, up from 2.7% in the same period of 2020[74]. - Administrative expenses decreased to approximately RMB 67.2 million, accounting for 8.9% of revenue, down from 11.5% in the same period of 2020[77][80]. - Finance costs rose slightly to approximately RMB 13.8 million, compared to RMB 13.6 million in the same period of 2020[81]. - Income tax expenses decreased to approximately RMB 26.4 million, down from RMB 39.9 million in the same period of 2020, primarily due to lower profit before tax[89]. Cash Flow and Liquidity - The Group's net cash inflows from operating activities were approximately RMB 66.4 million, a decrease of approximately RMB 88.2 million from RMB 154.6 million in the same period of 2020[90]. - The Group's net cash outflows from investing activities were approximately RMB 25.7 million, a decrease of approximately RMB 23.9 million from RMB 49.6 million in the same period of 2020[91]. - The Group's net cash outflows from financing activities were approximately RMB 37.5 million, representing a decrease of approximately RMB 52.0 million compared to RMB 89.5 million in the same period of 2020, mainly due to no dividend payments during the review period[93]. - As of June 30, 2021, the Group had cash and cash equivalents of approximately RMB 104.6 million, an increase from approximately RMB 101.2 million as of December 31, 2020[101]. - The Group maintained a healthy liquidity position throughout the review period, with unutilized banking facilities of RMB 1.0 million as of June 30, 2021[100]. Production and Capacity - The production capacity for iron phosphate products has been increased from 15,000 tonnes per year to 20,000 tonnes per year, with new processes adopted to improve efficiency and reduce costs[64]. - The ortho-toluidine production facility has been upgraded to produce para-toluidine, with a combined production capacity of 6,000 tonnes per year, enhancing overall income and profit through external sales[64]. - The Group has utilized approximately RMB 189.4 million for production capacity expansion, indicating a focus on growth and operational efficiency[133]. Corporate Governance and Compliance - The Company complied with all provisions of the Corporate Governance Code for the six months ended June 30, 2021, except for code provision A.2.1 regarding the separation of roles of chairman and CEO[147]. - The Audit Committee reviewed the unaudited interim financial statements for the six months ended June 30, 2021, which were independently reviewed by Ernst & Young[153]. - There were no significant events from June 30, 2021, to the date of the report, except for the interim dividend declaration[139]. Employee Information - The Group had 1,458 employees as of June 30, 2021, a decrease from 1,534 employees in the previous year[128]. - Total staff costs for the six months ended June 30, 2021, amounted to approximately RMB 63.0 million, an increase from approximately RMB 60.6 million for the same period in 2020[128].
彩客新能源(01986) - 2021 - 中期财报